Price for Bromides; of Sodium or of Potassium in Japan - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in Japan (CIF) - 2023
- Price for Bromides; of Sodium or of Potassium in Japan (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in Japan
- Exports of Bromides; of Sodium or of Potassium in Japan
Price for Bromides; of Sodium or of Potassium in Japan (CIF) - 2023
In November 2023, the average import price for bromides; of sodium or of potassia amounted to $4,086 per ton, rising by 5.6% against the previous month. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in March 2023 an increase of 42% month-to-month. As a result, import price reached the peak level of $9,624 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -2.6% per month.
Price for Bromides; of Sodium or of Potassium in Japan (FOB) - 2022
The average export price for bromides; of sodium or of potassia stood at $9,651 per ton in 2022, with an increase of 15% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 92% against the previous year. The export price peaked at $20,463 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($22,023 per ton), while the average price for exports to Indonesia ($3,670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bromides; of Sodium or of Potassium in Japan
For the fourth consecutive year, Japan recorded growth in purchases abroad of bromides; of sodium or of potassia, which increased by 159% to 823 tons in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of bromides; of sodium or of potassia surged to $3.5M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Bromides; of Sodium or of Potassium in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 321 | 517 | 850 | 2,313 | 93.1% |
| China | 218 | 467 | 446 | 1,214 | 77.3% |
| Others | 2.3 | 10.1 | 3.3 | 16.5 | 92.9% |
| Total | 542 | 994 | 1,300 | 3,544 | 87.0% |
Top Suppliers of Bromides; of Sodium or of Potassium to Japan in 2022:
- Israel (594.2 tons)
- China (228.0 tons)
Exports of Bromides; of Sodium or of Potassium in Japan
In 2022, approx. 53 tons of bromides; of sodium or of potassia were exported from Japan; increasing by 6.8% against the previous year. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of bromides; of sodium or of potassia surged to $511K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Bromides; of Sodium or of Potassium in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 117 | 142 | 176 | 213 | 22.1% |
| United Kingdom | 28.8 | 31.2 | 64.4 | 173 | 81.8% |
| China | 131 | 129 | 167 | 100 | -8.6% |
| Indonesia | N/A | N/A | N/A | 13.6 | 0% |
| South Korea | 4.7 | 2.3 | 4.8 | 1.8 | -27.4% |
| Others | 5.7 | N/A | 6.0 | 9.7 | 19.4% |
| Total | 287 | 305 | 418 | 511 | 21.2% |
Top Export Markets for Bromides; of Sodium or of Potassium from Japan in 2022:
- Thailand (21.1 tons)
- China (18.8 tons)
- United Kingdom (7.8 tons)
- Indonesia (3.7 tons)
- South Korea (0.4 tons)
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